State happy with Stripe investment despite valuation decline

Ireland Strategic Investment Fund said it believes the investment will ‘deliver a strong commercial return for the fund’ as payents processor reduces its internal share price

John and Patrick Collison, founders of Stripe: ISIF has said it is ‘very happy’ with its investment in the payments processor

The state's $50 million stake in payments processor Stripe is believed to have fallen in value by at least $14 million over the past 16 months.

However, the Ireland Strategic Investment Fund (ISIF) has insisted it is “really happy” with its investment in the company.

According to reports, Stripe recently slashed its internal share price by 28 per cent to $29 per share from $40 previously in a move that brought down the company's valuation ...